Stock Market & Financial Investment News

FBR views IRS 'no rule' as non-event for Lamar AdvertisingFBR Capital notes the IRS yesterday published a "no rule" list which included outdoor advertising displays on the list of "areas in which rulings or determination letters will not ordinarily be issued." The firm views the development as a non-event for Lamar and continues to believe the company is highly likely to qualify for REIT treatment. FBR has an Outperform rating on the stock.